Advantage Gold Review - Is It a Reputable Gold IRA Company?

Name: Advantage Gold
Brand: Advantage Gold

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Advantage Gold is an investment firm that has specialized in precious metals since 2014. It’s a great option for first-time buyers because its staff is knowledgeable and can help provide education and resources to get you started on the right track.

Being a member of the American Numismatic Association and the Industry Council of Tangible Assets, Advantage Gold is quite a competitive precious metal dealer out there.

However, is it as good of an option for opening a gold IRA account as it seems to be? That’s what I will be taking a look at in this Advantage Gold review, so if that’s something that interests you, keep on reading.

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Highlights:

Leading gold industry experts
Valuable educational resources
1,000’s of 5-star customer reviews
Made Inc. 5000 list

Overall Rating 4/5

Fees

Investment Options

Ease of Use

Customer Service

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Pros & Cons

Like with anything, there are pros and cons, and Advantage Gold is no different. Here’s a summary of the benefits and drawbacks of setting up an investment retirement account with Advantage Gold.

Pros

Buyback services available
U.S. Mint approved dealer
Exceptional customer service and great customer reviews
Easy to liquidate your investment retirement account.

Cons

Online purchase not available
A relatively new company

Are you thinking about your retirement fund and don’t know where to start?

Sometimes, when planning for your retirement, it can feel like you need a degree in finance to feel confident about where you invest your money. While retirement may seem like a long time away, the decisions you make now can help or hinder your investments.

Many companies are no longer offering company pensions, so it’s up to you to prepare enough retirement savings to keep the life standard you wish even when you’re not working.

There are so many options out there, some of them riskier than others. You have to decide what level of risk you are willing to take and what that looks like for you. If you’re unsure about your finances, it’s always best to get advice from a professional rather than invest blindly – especially since that’s the easy way of losing all of your retirement funds.

If you’re considering making investments and want to try something different from your typical mutual funds, you may want to give gold and other precious metals a thought. There are rules, and the IRS has a list of approved ways to invest in precious metals, which is why you’ll definitely want the expertise of someone who knows about precious metals if this is the path you choose to take.

Is Advantage Gold someone you can trust to take good care of your life’s savings? Let’s take a look together, shall we?

Quick Summary

Account Minimum: $25,000

Fees: $225/year

Promotion: Invest $50,000 (waives all fees for the first year )

Free Gold IRA Guide

Quick Navigation

About Advantage Gold Advantage Gold Services Advantage Gold Fees & Minimum Investment Who is Advantage Gold Best for? Advantage Gold Reviews & 3rd Party Ratings

Compare To Other Companies Advantage Gold Promotions How to Open an Account Final Verdict Advantage Gold FAQs

About Advantage Gold

Advantage Gold is an investment firm that specializes in gold and other precious metals. You can set up an investment retirement account; invest in stocks, exchange-traded funds (ETFs), and IRS-approved coins. First-time buyers usually get a discount, and all accounts enjoy a flat yearly fee.

The company was founded by Adam Baratta and Kirill Zagalsky, who are experts in the precious metals industry. Before launching their own business, the two co-founders worked for several years in senior positions (as a Senior Account Executive) for another gold IRAs company.

As I already mentioned above, this company has been relatively new since it started in 2014 – still, that didn’t stop them from gaining the title of an industry leader in some circles.

One thing that I do have to say I appreciate, though, is the substantial educational resources section that they offer their clients. They pride themselves on educating the investor so they feel good about their investment decisions, and it shows.

Especially worth paying attention to is the First Time Gold Investor Program, thanks to which their customers learn about things connected with making a precious metals purchase. Some of the topics covered include why it is a beneficial decision and what options are awaiting them if they want to extend their investment portfolio by adding precious metals to it.

Advantage Gold Services

Advantage Gold offers precious metal IRA services designed around both first-time investors and long-term investors who are looking to diversify their retirement portfolios.

Gold Investment Retirement Account

Advantage Gold offers investment retirement accounts where you can invest in gold stocks, ETFs, and approved gold coins.

When opening a gold IRA, you have the option to open a traditional IRA or a Roth IRA. With the first one, your investment funds are not taxed – instead, you are taxed once you make a withdrawal. With a Roth IRA, on the other hand, the funds put into the precious metals IRA accounts are already taxed, while the withdrawals are tax-free.

IRS–Approved Precious Metals

In addition to gold stocks, ETFs, and gold coins, Advantage Gold also provides investment opportunities in the following:

Gold Coins: Canadian and United States Coins
Silver Coins: Canadian and United States Coins
Platinum Coins: Canadian and United States Coins
Palladium Coins: Canadian coins only

You can find a full list of IRS-approved gold and silver here. The company offers a great number of both American and Royal Canadian mint coins and commemorative.

Advantage Gold offers storage and delivery services. You can pay a fee to have Advantage Gold keep your coins for you, or you can pay to have them delivered to you.

Advantage Gold Buyback Program

Typically, when you want to liquidate your precious metals, you need to find the buyer on your own. However, while doing my research on Advantage Gold, I discovered that it’s not the case with them at all. Thanks to their buyback program, if one of their customers wants to liquidate their assets, all they need to do is contact them about it. Advantage Gold will provide them with a fair market value for which they can sell them.

As someone who has quite a bit of experience with precious metals, I can definitely appreciate it. That’s because if you don’t know what you’re doing, then selling physical gold and other precious metals can be quite a hassle, especially finding potential buyers and understanding how much you should sell them for.

Advantage Gold Fees & Minimum Investment

The good news is that there are no minimum investment requirements with Advantage Gold.

If you decide to invest $50,000 or more, Advantage Gold waives the first year’s fees. If you’re not ready for that level of investment, the initial setup fee is $50.

The annual administration fee can range from $50 to $100, and the yearly storage fees can range from $95 to $250.

Keep in mind that Advantage Gold works with two different custodians, which means that how much you will pay in fees will depend on which of the two you decide to work with. I prepared a very short breakdown of how it looks in both cases.

The first custodian is the Equity Trust Company:

Initial set up fee – $50
Annual Maintenance Fee – $225 and up
Segregated Precious Metals Storage – $150
Non-Segregated Precious Metals Storage – $100

The second custodian is the Strata Trust Company:

Initial set up fee – $50
Annual Maintenance Fee – $95 and up
Segregated Precious Metals Storage – $150
Non-Segregated Precious Metals Storage – $100

Let me tell you the difference between segregated and non-segregated precious metals storage in case you’re not aware of it.

Segregated storage is usually associated with higher costs because it means that your precious metals are stored in their own vault at the depository. In the case of non-segregated storage

Who is Advantage Gold Best for?

Advantage Gold might be the best gold IRA company for first-time buyers.

The reasons for this include the knowledgeable staff and the education they offer clients. The best thing about Advantage Gold is that they provide education on precious metal investing so that buyers understand the market before they start, avoiding wasted time and money.

You can receive plenty of useful information even before opening an account. All you need to do is give them a call and ask about what service would benefit you the most. You can also learn beforehand how the precious metals IRA works and what offers you can benefit from the most.

Whether you’re new to precious metal investing or not, Advantage Gold may be appealing to you.

Advantage Gold Alternatives

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Exclusive new-client promotions
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Augusta Precious Metals

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Joe Montana is a corporate ambassador
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Advantage Gold Reviews & 3rd Party Ratings

While there’s a lot online about the relative newness of Advantage Gold, they seem to have figured out how to run a business pretty quickly.

There are lots of rave reviews, and the rankings by third-party organizations show that clients of Advantage Gold are happy with the service they got.

Advantage Gold has been the number one Trusted Gold investment retirement company with TrustLink for the last five years in a row.

They also have a five-star rating with Consumer Affairs based on 31 reviews submitted in the past year.

Advantage Gold also has a five-star rating with TrustPilot, coming from 1,003 reviews.

The Better Business Bureau rates Advantage Gold an A+, which means that they scored a 97 or higher in their rating points. The Business Consumer Alliance, on the other hand, gave the company an AAA rating which means that during their background check there was nothing that could question their reliability.

The reviews on Advantage Gold’s website sing very high praises about the knowledgeable staff. These reviews are good to know, especially if you’re new to precious metal investing.

Advantage Gold Promotions

Advantage Gold has ongoing promotions, including a free copy of James Rickard’s book The New Case for Gold. If you’re not planning to invest $25,000 or more, the book is where your promotions with Advantage Gold ends.

For investors looking to invest $25,000 or more, there are more promotions available.

When you invest $25,000 or more and want to have physical ownership of the precious metals you invested in, Advantage Gold offers free rapid delivery. Advantage Gold waives the fees when you invest $50,000 or more.

How to Open an Account

Believe it or not, the entire process only takes six steps to open an account with Advantage Gold. Remember, we promised that there wouldn’t be much complicated paperwork to go through to get you started!

Visit the Advantage Gold website and sign up for a self-directed investment retirement account.
Fill in the required details on the Client and Shipping agreement forms and sign them.
Upload a copy of your most recent retirement account statement, and submit it.
Once your application is received, an investment professional will review your request and contact you to review your application and discuss the available options.
Advantage Gold will speak with your current investment company or custodian so that they can process the IRA rollover or the transfer on your behalf.
Your self-directed IRA account will be set up and funded through Advantage Gold.

Final Verdict

If you’re looking to diversify your investments, setting up an Advantage Gold IRA account is a step in the right direction. Whether you’re an experienced investor or dipping your toes in the precious metals investment world, you’re in good hands!

With their professional staff and the resources they provide you with, you can help you make informed decisions about your investments confidently.

For those still unsure if investing in precious metals is the right move, you should speak to a trusted financial advisor to get a better feeling for whether or not investing in precious metals is a good move for your retirement fund.

If you think that investing in precious metals is the direction you want to pursue, give Advantage Gold a call and speak to one of their knowledgeable precious metals IRAs experts.

If you have questions, chances are pretty good they have answers.

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When it comes to customer service, fees, safety, and overall customer satisfaction, Advantage Gold checks all of the boxes.

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FAQ's

Once you determine that a gold IRA is right for you, it helps to know how to set on up. Though you may not want to rush into anything, you be surprised by how easy it is.

While it’s only been around since 2014, Advantage Gold is a legitimate company offering investment retirement accounts focused on precious metals.

There is an option to have the coins sent to you; however, you can pay a fee and have your precious metals stored in a third-party depository. Advantage Gold uses two different companies in three separate locations.

Brinks Global Services USA, Inc. is one of the depositories, and they have locations in Los Angeles and Salt Lake City. Advantage Gold also has precious metals stored at another site: the Delaware Depository in Wilmington, Delaware.

Gold prices have an inverse relationship with paper assets. For that reason, a gold IRA can provide an insurance policy against inflation.

You may want to talk to a financial advisor if you doubt whether investing in precious metals is the right move for you.

The company is based in Los Angeles, CA and has an office on Wilshire Blvd.

You may be surprised to learn that it doesn’t require a lot of complicated paperwork to open your gold investment retirement account. All you’ll need is a copy of your most current retirement statement to get started.

Donny Gamble

I’m Donny. An entrepreneur, world traveler, and active investor that is passionate about navigating through the blockchain by investing in precious metals like gold and silver.